What's The Cost Of Training Generative AI With Videos? Adobe Doles Out Money For Acquiring Dataset
Portfolio Pulse from Anusuya Lahiri
Adobe Inc is expanding its AI capabilities by acquiring video datasets for its text-to-video generator, competing with OpenAI's technology. Adobe is offering $120 for video submissions from its community to enhance its AI training dataset. The initiative is part of Adobe's broader strategy to integrate generative AI across its creative tools. Adobe's stock is accessible through Invesco Next Gen Media And Gaming ETF (GGME) and Invesco Nasdaq Internet ETF (PNQI), and it saw a slight decrease of 0.35% in premarket trading.
April 11, 2024 | 12:41 pm
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POSITIVE IMPACT
Adobe Inc is actively acquiring video datasets to enhance its AI capabilities, directly competing with OpenAI's technology. This move is part of Adobe's strategy to maintain its competitive edge in the creative software market.
Adobe's investment in AI and its strategy to acquire video datasets for training its AI models is likely to enhance its product offerings and maintain its competitive edge, which could positively impact investor sentiment and the stock's value in the short term. However, the slight premarket dip indicates a cautious market response.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Invesco Next Gen Media And Gaming ETF includes Adobe in its portfolio, potentially impacting its performance due to Adobe's recent AI advancements and stock movements.
Given Adobe's role in the Next Gen Media And Gaming ETF, its advancements in AI and any significant stock price movements could indirectly influence the ETF's performance, especially if these developments lead to increased investor interest in Adobe.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Invesco Nasdaq Internet ETF, which includes Adobe, may see an impact from Adobe's AI initiatives and its stock's performance.
Adobe's inclusion in the Invesco Nasdaq Internet ETF means that its stock performance, influenced by its AI technology investments and market competition, could affect the ETF's overall performance, particularly if Adobe's initiatives lead to positive market reception.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70